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Rental income, If rent to related parties, still taxable under S4(a) if…

- - - - can claim CA
      - rental income is taxed on accrual basis
  - - - cannot claim CA
      - rental income is taxed on receipt basis
- - - - e.g exp obtain 1st tenant (stamp duty, agent fees)
  - - - e.g quit rent, assessment
    - - :check: requirement
        
        real property was let out before
        
        -repair or renovation/
        absence of tenant <= 2years/
        beyond the control
        
        3.maintained in good condition
- - - - :check: maintained in good condition
    - - used for the purpose of business at the end of the basis period
  - - - :red_cross: NOT used for the purpose of business at the end of the basis period
- - - - expenses for advance rental is deductible in YA the expenses are incurred
        
        when only 1 property
        
        more than 1 property but taxed as different source
      - expenses for advance rental is deductible in YA the expenses are incurred against the gross income from other properties
        
        more than 1 property + rental taxed as single business source
    - - expenses for advance rental is deductible in the same YA in which the advance rental is taxable (amendment has to be done)
        
        when only 1 property
        
        when there is more than 1 property + rental is taxed as different source
      - expenses for advance rental is deductible in YA the expenses are incurred against the gross income from other properties
        
        more than 1 property + rental tax as single source